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Yup, the arbitrage opportunities are real. Just yesterday the Canadian exchange (cavirtex) was trading $40CAD/BTC higher than MtGox (CAD); if you had an account
by quinndupont 14y ago
Yup, the arbitrage opportunities are real. Just yesterday the Canadian exchange (cavirtex) was trading $40CAD/BTC higher than MtGox (CAD); if you had an account with both, and free money to spare, you could take a handsome profit (minus fees, usually around 3% each, so 6% roundtrip)
- pbhjpbhj 14y agoDoesn't that cause the currency to collapse - only limited by the transaction rate? With no transaction limit you can pump for infinite BTC. If I can do one transaction per minute for an hour at 6% return that's 10 BTC -> 370 BTC using standard compound interest formula. In 10 hours you're a quadrillionaire. Edit: of course it's limited by the trades available ...
- eurleif 14y agoYou'll run out of people willing to sell at the lower price, or buy at the higher price, eventually.